237 Blue Hill Drive
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 6, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Feb 28, 2026 | Price Decreased |
$449,900
↓ $9K
(2%) | |
| Price Decreased | |||
| Jan 16, 2026 | Listed by Better Homes and Gardens Real Estate Gary Greene - Lake Conroe North | $459,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Lake Conroe North | |||
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Modern elegance describes this 3 bedroom, 2 bath home conveniently located near the west gated entrance & within walking distance to the pond, playground, & basketball court. A double-wood door entrance welcomes you into the foyer. The open-concept floorplan features high ceilings, luxurious finishes & wood-look tile flooring throughout the entire home. The living room has a fabulous focal wall featuring a gas fireplace w/ integrated lighting flanked by built-in shelving. Gorgeous eat-in kitchen w/waterfall island, GE appliances, 5-burner gas cooktop, & pot filler. Elegant owner's retreat w/plantation shutters. Owner's ensuite bath w/dual vanities, soaking tub & separate shower w/rain shower head. Secondary bedrooms w/walk-in closets down a private hall. Extend entertaining on the covered back patio featuring an amazing summer kitchen complete w/grill, burner & fridge! Bentwater offers 3 golf courses, country club, 2 pools, tennis & pickleball courts, & a dog park. PULL FEATURE SHEET!
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| Mar 22, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017